Apple Rides New iPad Rumors and 4 Spotlight Stocks in Play
Bank of America (NYSE:BAC): Trimming the first S&P 500 Index decline since September, U.S. stocks joined a global rally following the beginning of an agreement that alleviated concerns regarding bank failure. After a European lender surge, Bank of America along with Citigroup rallied 4.1 percent at least. Shares of Bank of America closed 5.68 percent higher Friday.
Apple Inc. (NASDAQ:AAPL) could possibly release a 9.7-inch iPad this summer, and predictions show device shipment volumes increases beginning in September, Digitimes reports citing a Chinese Apple Data report. Rumors state that the upgraded iPad features indium gallium zinc oxide panel technology as well as panel supply which an be shifted to Samsung’s Sharp. Shares of Apple Inc. closed 2.63 percent higher Friday.
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AT&T, Inc. (NYSE:T): On Dish Network (NASDAQ:DISH) and AT&T’s TV service, the AMC (AMCX) channel may go dark Saturday night as a result of a dispute between the TV channel and the pay TV distributors, according to the Wall Street Journal. The Sundance channel has already been dropped by Dish. Shares of AT&T, Inc. closed 0.76 percent higher Friday.
Nokia Corporation (NYSE:NOK) chairman Risto Siilasmaa defended chief executive Stephen Elop following the company’s announcement concerning new job cuts and a warning about weak profits earlier this month. According to Finnish daily Helsingin Sanomat, Siilasmaa claims Elop has the board’s total confidence. Shares of Nokia Corporation closed 1.9 percent lower Friday.
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